Chinese Commerce Minister Wang Wentao said Friday that China remained steadfast in its commitment to expanding opening-up when meeting with the heads of two American multinationals.
During his meeting with David A. Ricks, CEO of U.S. pharmaceutical company Eli Lilly, Wang said multinational corporations are a steadfast force of globalization, adding that China hopes Eli Lilly and other foreign-funded companies will continue to invest in China and share the opportunities and dividends of Chinese modernization.
Eli Lilly is welcome to establish innovation incubators in China and to collaborate with Chinese companies in developing and introducing more innovative products and services that will benefit the people of China and countries around the world, the minister said.
Ricks said that China's "two sessions" this year have sent positive signals for foreign investment, noting his company will increase investment and expand production capacity in China.
The meeting between Wang and Ricks came one year after the two met in Beijing.
When meeting with Hock Tan, president and CEO of U.S. technology company Broadcom, Wang emphasized that in the face of a complex and challenging international landscape, China remains steadfast in its commitment to expanding its opening up to the world.
China is committed to creating a stable, transparent and predictable investment environment for multinational corporations operating in the country, Wang said.
He added that China welcomes U.S. companies, including Broadcom, to continue investing in the Chinese market and to share in its development opportunities.
Tan said it is the stability and certainty of the Chinese government and its policies that enable enterprises to better forecast the market and drive innovation.
He said that Broadcom will continue to provide stable and high-quality products and services to Chinese customers and partners and support China's high-quality development.
Ricks' and Tan's China trips are expected to be followed by a dozen or so senior executives of leading multinationals, two-thirds of which will be U.S. enterprises, who will also travel to China in the coming days.
Commerce minister reaffirms China's opening-up policy in meeting with US business leaders
Commerce minister reaffirms China's opening-up policy in meeting with US business leaders
Commerce minister reaffirms China's opening-up policy in meeting with US business leaders
